Golden Rim Resources: Major New Gold Target in Burkina Faso

Monday, 24 January 2011 04:57

Golden Rim Resources Ltd (ASX: GMR) announced it has received new high-grade rock chip sample assays and highly anomalous soil sample assays from its Balogo Project area in Burkina Faso, West Africa.

Golden Rim’s Managing Director, Mr Craig Mackay, said the Company’s major exploration programs in West Africa on four gold project areas are in full swing.

“Today’s gold results from Balogo are highly significant because they outline a major new gold target for Golden Rim in Burkina Faso,” said Mr Mackay.

Significant gold results were obtained along a contact zone between a sequence of volcaniclastic sediments and intrusive rocks for at least 2.3km.

A total of 104 rock samples were collected during the geological mapping program. Selected rock chip results include 49.9 g/t gold, 24.2 g/t gold and 16.8 g/t gold.

“We will schedule a reverse circulation drilling program to commence as soon as the surface sampling work has been completed,” he said.

A total of 1,199 soil samples were collected over a grid covering 4.2km x 2.6km. Samples were collected at intervals of 50m along lines spaced at 200m. Results from this sampling indicated a major gold-in-soil anomaly striking NE-SW and open along strike in both directions. To date, the anomaly is 2.3km long and 700m wide. Values up to 1.2 g/t gold were obtained in the soil samples.

Mapping indicates that the main gold-in-soil anomaly and some of the most significant rock chip samples are associated with a system of NE-trending quartz / sulphide / magnetite veins which have been traced for over 750m along strike. The major veins occur along a contact between a quartz diorite intrusive and a sequence of volcaniclastic sediments. Additional stock work veining has been located in the surrounding wallrocks.

Extensive artisanal workings occur along the outcropping quartz/sulphide veins which host a substantial amount of visible gold.

Additional soil sampling and mapping is currently underway to extend the current gold-in–soil anomaly and gain a better understanding of the geological controls of mineralisation in this area.

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